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A general investigation is made into the intrinsic Riemannian geometry for complex systems, from the perspective of statistical mechanics. The entropic formulation of statistical mechanics is the ingredient which enables a connection…
A method of representing probabilistic aspects of quantum systems is introduced by means of a density function on the space of pure quantum states. In particular, a maximum entropy argument allows us to obtain a natural density function…
In this paper we remark that Shannon entropy can be expressed as a function of the self-information (i.e. the logarithm) and the inverse of the Lambert $W$ function. It means that we consider that Shannon entropy has the trace form: $-k…
We propose a method to derive the stationary size distributions of a system, and the degree distributions of networks, using maximisation of the Gibbs-Shannon entropy. We apply this to a preferential attachment-type algorithm for systems of…
We determine the amount of information contained in a time series of price returns at a given time scale, by using a widespread tool of the information theory, namely the Shannon entropy, applied to a symbolic representation of this time…
Gauss' law of error is generalized in Tsallis statistics such as multifractal systems, in which Tsallis entropy plays an essential role instead of Shannon entropy. For the generalization, we apply the new multiplication operation determined…
It is shown that the standard expression for the information entropy, originally due to Shannon, is only valid for a particular set of states. For the general case of statistical mechanics, one needs to include an additional term in the…
The statistical analysis of data stemming from dynamical systems, including, but not limited to, time series, routinely relies on the estimation of information theoretical quantities, most notably Shannon entropy. To this purpose, possibly…
In this paper, we introduce a new class of distributions by compounding the exponentiated extended Weibull family and power series family. This distribution contains several lifetime models such as the complementary extended Weibull-power…
An information theory description of finite systems explicitly evolving in time is presented for classical as well as quantum mechanics. We impose a variational principle on the Shannon entropy at a given time while the constraints are set…
We report empirical studies on the personal income distribution, and clarify that the distribution pattern of the lognormal with power law tail is the universal structure. We analyze the temporal change of Pareto index and Gibrat index to…
In this paper we discuss about the validity of the Shannon entropy functional in connection with the correct Gibbs-Hertz probability distribution function. We show that there is no contradiction in using the Shannon-Gibbs functional and…
We consider a model of power distribution in a social system where a set of agents play a simple game on a graph: the probability of winning each round is proportional to the agent's current power, and the winner gets more power as a…
A new concept of the available force in long-range interaction complex systems is proposed. The relationship between the available force in different time intervals and the interaction parameters of complex systems is described. It is found…
It is argued that the factorization of compound probability over subsystems is a consequence of the existence of thermodynamic equilibrium in the composite system having Tsallis entropy. So it should be respected by all exact calculations…
Various multi-agent models of wealth distributions defined by microscopic laws regulating the trades, with or without a saving criterion, are reviewed. We discuss and clarify the equilibrium properties of the model with constant global…
The first part of this paper is a brief survey of the approaches to economic inequality based on ideas from statistical physics and kinetic theory. These include the Boltzmann kinetic equation, the time-reversal symmetry, the ergodicity…
This Colloquium reviews statistical models for money, wealth, and income distributions developed in the econophysics literature since the late 1990s. By analogy with the Boltzmann-Gibbs distribution of energy in physics, it is shown that…
A mechanism is proposed for the appearance of power law distributions in various complex systems. It is shown that in a conservative mechanical system composed of subsystems with different numbers of degrees of freedom a robust power-law…
Upper and lower bounds are obtained for the joint entropy of a collection of random variables in terms of an arbitrary collection of subset joint entropies. These inequalities generalize Shannon's chain rule for entropy as well as…